Tema Etfs LLC Has $6.05 Million Holdings in ATI Inc. $ATI

Key Points

• Tema Etfs LLC increased its stock position in ATI Inc. by 49.7% during the first quarter, now holding 116,226 shares valued at approximately $6,047,000.
• Multiple institutional investors have enhanced their stakes in ATI, with Golden State Wealth Management LLC raising its position by 104.1% and Bessemer Group Inc. by 139.9% in the same timeframe.
• Insider selling activity includes Director David J. Morehouse and Chairman Robert S. Wetherbee, who sold a combined total of 57,900 shares, indicating a decline in their ownership by 15% and 14% respectively.

Tema Etfs LLC boosted its holdings in shares of ATI Inc. (NYSE:ATI - Free Report) by 49.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,226 shares of the basic materials company's stock after buying an additional 38,610 shares during the period. ATI comprises 1.8% of Tema Etfs LLC's portfolio, making the stock its 15th largest holding. Tema Etfs LLC owned approximately 0.08% of ATI worth $6,047,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ATI. Forest Avenue Capital Management LP acquired a new stake in ATI during the first quarter worth $44,867,000. Woodline Partners LP boosted its stake in ATI by 132.0% during the fourth quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company's stock worth $54,585,000 after buying an additional 564,308 shares in the last quarter. Senator Investment Group LP boosted its stake in ATI by 68.7% during the first quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company's stock worth $63,086,000 after buying an additional 493,944 shares in the last quarter. Trexquant Investment LP acquired a new stake in ATI during the first quarter worth $21,807,000. Finally, SG Capital Management LLC acquired a new stake in ATI during the fourth quarter worth $18,443,000.

ATI Price Performance

Shares of ATI stock traded down $0.93 during trading on Friday, reaching $77.54. The company's stock had a trading volume of 2,165,264 shares, compared to its average volume of 2,037,916. ATI Inc. has a one year low of $39.23 and a one year high of $96.20. The stock has a 50-day moving average price of $82.81 and a two-hundred day moving average price of $69.42. The stock has a market capitalization of $10.69 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.20. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. ATI had a net margin of 9.26% and a return on equity of 21.34%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted $0.60 earnings per share. ATI's revenue for the quarter was up 4.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. As a group, sell-side analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total transaction of $3,733,000.00. Following the completion of the sale, the chairman owned 306,538 shares in the company, valued at $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the transaction, the director owned 44,777 shares in the company, valued at approximately $3,394,544.37. This represents a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,900 shares of company stock valued at $12,610,399 over the last three months. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the company a "hold" rating in a report on Tuesday, July 8th. Zacks Research raised ATI to a "hold" rating in a report on Tuesday, August 12th. Citigroup raised ATI to a "positive" rating in a report on Tuesday, May 20th. Susquehanna cut their price objective on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. Finally, KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.29.

About ATI

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.